MSP Steel & Power (BOM:532650) Inventory Turnover : 1.26 (As of Mar. 2024)

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What is MSP Steel & Power Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. MSP Steel & Power's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹6,195 Mil. MSP Steel & Power's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹4,905 Mil. MSP Steel & Power's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MSP Steel & Power's Days Inventory for the three months ended in Mar. 2024 was 72.24.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. MSP Steel & Power's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.66.

MSP Steel & Power Inventory Turnover Historical Data

The historical data trend for MSP Steel & Power's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MSP Steel & Power Inventory Turnover Chart

MSP Steel & Power Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.93

3.22

4.94

4.44

4.71

MSP Steel & Power Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.06	1.08	1.19	1.43	1.26

MSP Steel & Power Inventory Turnover Calculation

MSP Steel & Power's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	22949.985	/ (	(4838.778	+	4904.732)	/	2 )
=	22949.985	/	4871.755
=	4.71

MSP Steel & Power's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	6195.133	/ (	(0	+	4904.732)	/	1 )
=	6195.133	/	4904.732
=	1.26

MSP Steel & Power (BOM:532650) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

MSP Steel & Power's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	4904.732	/	6195.133	*	365 / 4
	=	72.24

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

MSP Steel & Power's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	4904.732	/	7484.056
	=	0.66

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

MSP Steel & Power Inventory Turnover Related Terms

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MSP Steel & Power (BOM:532650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » MSP Steel & Power Ltd (BOM:532650) » Definitions » Inventory Turnover

Traded in Other Exchanges

MSPL:India

Address

New Alipore, 16/S, Block A, Kolkata, WB, IND, 700 053

Website

https://www.mspsteel.com

MSP Steel & Power Ltd is engaged in the manufacturing of iron and steel products. It is also engaged in the generation and sale of power. Geographically, it derives a majority of its revenue from India. The company's product offerings include TMT Bar, structural steel, and pipes.

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